<strong><em>SAND prices take a bullish turnaround as the bulls resurface to take a breather. Will this recovery rally sustain above $1?</em></strong>
<h3><strong>Key technical points:</strong></h3>
<ul>
 	<li>SAND market price has increased by 7.21% over the past 24 hours.</li>
 	<li>The price action shows a retest of $1.</li>
 	<li>The 24-hour trading volume of Sandbox is $433 Million, indicating a hike of 40%.</li>
</ul>
<h2>Past Performance of SAND</h2>
The <a href="https://coincodex.com/crypto/the-sandbox/">SAND price</a> history shows a bearish phase over the past few months due to the increased liquidation as Bitcoin reached the $20K support. The downfall brought the Sandbox prices under the $1 mark but took a bullish turnaround from $0.80 this week, accounting for a 28% jump. The reversal retests the $1 fallout and shows long wick formations in the daily candles warning of a potential bearish continuation.

<img src="https://s3.tradingview.com/snapshots/f/fe8FvUxB.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/fe8FvUxB/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">SAND Technical Analysis </span></h2>
In the SAND/USD technical chart, the reversal rally shows high volume support representing an increasing interest among traders. Hence, a high volatile move can be expected shortly.

<b>MACD indicator:</b> The bullish reversal undermines the bearish crossover as the fast and signal regain the positive alignment and head to the zero line. Hence, the indicator projects a high possibility of a bullish trend.

<b>RSI Indicator: </b>The RSI slope takes a sharp bullish turnaround from the oversold zone after a divergence breakout to surpass the 14-day SMA. Moreover, the RSI may shortly surpass the halfway line signaling a buying spot.

<b>Bollinger Bands:</b> The bullish reversal reverses the trend in the Bollinger bands as the upper and lower bands take a lateral shift from the downtrend. Furthermore, the reversal rally reaches the midline and prepares to reach the upper band to signal a high-momentum uptrend.

In a nutshell, the SAND technical analysis forecasts a bullish trend continuation.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
<a href="https://www.cryptoknowmics.com/news/sand-technical-analysis-selling-activity-booms-as-prices-fall-below-1/">SAND</a> prices show a V-shaped reversal rally ready to surpass the $1 mark, which may drive the prices higher to $1.45.

<strong>Resistance Levels:</strong> $1 and $1.45

<strong>Support Levels:</strong> $0.80 and $0.68

SAND Technical Analysis: Reversal in Sandbox Soon To Retest $1

SAND Technical Analysis shows prices taking a bullish turnaround as the bulls resurface to take a breather. Will this recovery rally sustain above $1?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

SAND Technical Analysis: Reversal in Sandbox Soon To Retest $1

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